Read Why Volta Shares Are Plunging Today

by Shivani Kumaresan, Benzinga Staff Writer

March 28, 2022 12:58 PM | 1 min read | Make a Comment

Volta Inc VLTA said that Founder Scott Mercer has resigned as Chief Executive Officer (CEO).
Mercer will serve the transitional period and will be an advisor to the Board through March 31, 2023, and assist the Board in a search for a new CEO.
He has also resigned from the Board, effective immediately.
The Board has appointed independent directors Vince Cubbage and Kathy Savitt as the Board's Co-Chairs.
The company plans to keep the CEO, and Board Chair roles separate going forward.
In addition, Co-Founder and President Chris Wendel has also resigned from the company and the Board, effective immediately.
Price Action: VLTA shares are trading lower by 18.2% at $3.38 on the last check Monday.